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Multi Tenant Retail

Sharon Gallery

869 E State Street Sharon, PA

Listing Price: $1,345,087

Cap Rate

8.00%

Net Operating Income

$107,607

Occupancy

100%

Lot Size

1.20 Acres

Number of Tenants

Seven (7)

Parking Spaces

48 Spaces

Year Built

2003

Investment Highlights:
 

Exclusivley Listed By:

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FIRST VICE PRESIDENT INVESTMENTS
MARK KRANTZ

(215) 531-7056
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SENIOR VICE PRESIDENT INVESTMENTS
DERRICK DOUGHERTY

(215) 531-7026

QUALITY NEIGHBORHOOD STRIP CENTER WITH EXCEPTIONAL REAL ESTATE FUNDAMENTALS
» Well-maintained center with 10,200 square feet on 1.2 acres, offering excellent visibility and prominent signage | 12,400 VPD Traffic Counts

SMALL BAYS WITH SERVICE ORIENTED TENANT MIX
» Bays ranging from 900 to 2,000 square feet with a balance tenant mix of services, food users, and retail.

 

OUTSTANDING TENANT & SUBMARKET PERFORMANCE
» Domino’s at this location performs in the top 15% in Pennsylvania and the top 30% in the U.S., according to Placer.ai | Nearby Giant Eagle grocery store (1.5 miles away) ranks in the top 20% in the state and the top 15% in the U.S.

 

ATTRACTIVE MAJOR HIGHWAY ACCESS
» Strategically wedged between state routes 62 (14K VPD), 18 (20K VPD), and 718 (3K VPD) | Convenient access to I-80 (31K VPD) and I-376 (13K VPD).

LOCATED IN THE CENTER OF THE SUBMARKET
» Positioned near key institutions: Sharon Senior High School (535 students), Sharon Medical Center (220 beds), Penn State Shenango Campus, and nearby retail hubs in the Hermitage submarket.

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2005 Market Street, Suite 1510

Philadelphia, PA 19130

(215) 531-7000

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